Today we will analyze the stock YONG SHUN CHEMICAL TWD10 (4711.TWO) for internet stock trading in the TWO stock market,
Stock Technical indicators to notice in YONG SHUN CHEMICAL TWD10 (4711.TWO)
1- Last bullish trend was from 14.80 $ (12/19/2011) to 18.10 $ (2/10/2012) a 3.30 $ move 2- The current bearish trend started from 18.10 $ at 2/10/2012 and is currently trading at 17.15 $.
3- 4711.TWO current support level is at 16.84 which is the 38.20 % fibonacci retracement of the last 3.30 $ move.
4- 4711.TWO current resistance level is at 17.32 which is the 23.60 % fibonacci retracement of the last 3.30 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
YONG SHUN CHEMICAL TWD10 (4711.TWO) Short term stock chart patterns for internet stock trading :

None.
YONG SHUN CHEMICAL TWD10 (4711.TWO) Mid term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 18.100 and 19.750 that was broken up at 17.100 transforming into a supporting line.
YONG SHUN CHEMICAL TWD10 (4711.TWO) Long term stock chart patterns for internet stock trading :

7- The Stock traded in a bearish stock channel identifed by support at 14.800 and 18.400,resistance between 20.100 and 21.000 which was broken up at 16.550 in higher than usual volume.

Stock Trading Conclusion:
YONG SHUN CHEMICAL TWD10 (4711.TWO) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 17.32, 17.37, 17.51, 17.63, 17.74, 18.10,.
Stock Support levels : 16.96, 16.84, 16.45, 16.06, 14.80, 13.90, 13.68,.